Can I retire at age 42 with 980,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$80,927$80,207$79,503$78,817$78,147$76,537
2 years$40,063$39,317$38,594$37,893$37,213$35,599
3 years$26,443$25,694$24,973$24,278$23,609$22,041
4 years$19,635$18,888$18,174$17,491$16,838$15,328
5 years$15,551$14,808$14,104$13,435$12,800$11,352
6 years$12,829$12,092$11,398$10,744$10,128$8,743
7 years$10,886$10,155$9,472$8,833$8,237$6,916
8 years$9,429$8,705$8,033$7,410$6,833$5,576
9 years$8,296$7,579$6,919$6,312$5,755$4,560
10 years$7,391$6,680$6,032$5,441$4,903$3,770
11 years$6,650$5,947$5,310$4,735$4,217$3,143
12 years$6,034$5,338$4,713$4,153$3,654$2,639
13 years$5,513$4,824$4,211$3,667$3,187$2,228
14 years$5,066$4,385$3,783$3,255$2,793$1,890
15 years$4,680$4,006$3,416$2,903$2,460$1,609
16 years$4,342$3,675$3,097$2,599$2,174$1,374
17 years$4,044$3,385$2,818$2,335$1,927$1,176
18 years$3,779$3,128$2,572$2,105$1,714$1,009
19 years$3,543$2,899$2,355$1,902$1,528$868
20 years$3,331$2,693$2,161$1,722$1,364$747
21 years$3,139$2,509$1,988$1,563$1,221$644
22 years$2,964$2,342$1,832$1,421$1,094$556
23 years$2,806$2,190$1,692$1,294$982$481
24 years$2,660$2,052$1,565$1,181$883$416
25 years$2,527$1,926$1,449$1,078$795$360
26 years$2,403$1,810$1,344$986$716$311
27 years$2,290$1,703$1,248$902$645$270
28 years$2,184$1,605$1,160$827$582$234
29 years$2,086$1,514$1,080$758$526$203
30 years$1,995$1,430$1,006$696$475$176
31 years$1,910$1,352$938$639$430$153
32 years$1,830$1,279$875$587$389$133
33 years$1,755$1,211$817$540$352$115
34 years$1,685$1,148$763$497$318$100
35 years$1,619$1,089$713$457$288$87
36 years$1,556$1,034$667$421$261$75
37 years$1,498$982$625$388$237$66
38 years$1,442$933$585$358$215$57
39 years$1,390$887$548$330$195$50
40 years$1,340$844$514$304$177$43
41 years$1,293$803$482$281$160$37
42 years$1,248$765$452$259$145$33
43 years$1,205$729$424$239$132$28
44 years$1,164$695$398$221$120$25
45 years$1,126$663$374$204$109$21
46 years$1,089$632$351$188$99$19
47 years$1,054$603$330$174$90$16
48 years$1,020$576$310$161$81$14
49 years$988$550$291$149$74$12
50 years$957$525$274$137$67$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $980,000, adding $4,190 every year, while hoping to spend $47,410 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 58/36/6 Blend
41$980,000$980,000$980,000$980,000
42$1,084,282$1,032,342$1,017,152$1,145,616
43$1,144,435$1,032,483$1,000,783$1,187,418
44$1,209,134$1,031,042$982,276$1,227,205
45$1,278,794$1,027,891$961,510$1,269,380
46$1,353,869$1,022,895$938,358$1,314,175
47$1,434,857$1,015,910$912,687$1,361,848
48$1,522,307$1,006,785$884,357$1,412,681
49$1,616,821$995,356$853,222$1,466,991
50$1,719,062$981,454$819,130$1,525,126
51$1,829,758$964,896$781,922$1,587,473
52$1,949,707$945,490$741,431$1,654,461
53$2,079,791$923,033$697,482$1,726,566
54$2,220,977$897,309$649,895$1,804,311
55$2,374,329$868,089$598,479$1,888,281
56$2,541,017$835,132$543,034$1,979,119
57$2,722,330$798,183$483,355$2,077,540
58$2,919,683$756,969$419,223$2,184,333
59$3,134,636$711,206$350,412$2,300,373
60$3,368,905$660,591$276,687$2,426,627
61$3,624,376$604,803$197,799$2,564,167
62$3,903,129$543,505$113,492$2,714,177
63$4,207,450$476,339$23,496$2,877,968
64$4,539,858$402,927$0$3,056,988
65$4,903,123$322,870$0$3,257,486
66$5,300,298$235,747$0$3,478,495
67$5,734,741$141,112$0$3,720,491
68$6,210,154$38,495$0$3,985,659
69$6,730,607$0$0$4,276,416
70$7,300,589$0$0$4,624,192
71$7,925,037$0$0$5,021,989
72$8,609,392$0$0$5,458,036
73$9,359,646$0$0$5,936,158
74$10,182,396$0$0$6,460,574
75$11,084,912$0$0$7,035,926
76$12,075,196$0$0$7,667,329
77$13,162,069$0$0$8,360,419
78$14,355,241$0$0$9,121,401
79$15,665,411$0$0$9,957,112
80$17,104,366$0$0$10,875,083
81$18,685,089$0$0$11,883,612
82$20,421,882$0$0$12,991,837
83$22,330,501$0$0$14,209,828
84$24,428,306$0$0$15,548,678
85$26,734,419$0$0$17,020,609
86$29,269,911$0$0$18,639,084
87$32,057,993$0$0$20,418,939
88$35,124,240$0$0$22,376,517
89$38,496,828$0$0$24,529,826
90$42,206,803$0$0$26,898,705
91$46,288,369$0$0$29,505,016
92$50,779,213$0$0$32,372,843
93$55,720,861$0$0$35,528,726
94$61,159,065$0$0$39,001,906
95$67,144,239$0$0$42,824,601
96$73,731,929$0$0$47,032,312
97$80,983,341$0$0$51,664,158
98$88,965,916$0$0$56,763,240
99$97,753,965$0$0$62,377,053
100$107,429,372$0$0$68,557,930